MAN Energy Solutions has signed a cooperation agreement with Hyundai Global Services (HGS) – after-sales division of shipbuilder and engine maker, Hyundai Heavy Industries Co.- Ltd. (HHI) – to deliver its Overridable Power Limitation (OPL) solution to MAN B&W-branded low-speed engines manufactured by HHI’s Engine & Machinery Division, HHI-EMD. Effective immediately, the agreement is set
The ‘Green Hydrogen’ policy announced by the government on Thursday incentivises producers of this form of power but only partially, say experts. A notification by the Power Ministry on Thursday says that manufacturers of green hydrogen or ammonia may purchase renewable power from the power exchange or set up renewable energy capacity themselves or through
China’s Cosco Shipping Energy Transportation (CSET), the tanker operation unit of Cosco Shipping Group, and Dalian Shipbuilding Industry Co (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), have developed a methanol-fuelled very large crude carrier (VLCC). The vessel’s conceptual design is based on the latest generation of 310,000 dwt VLCCs designed and built by
A research team led by Lund University in Sweden has shown how solar power can convert carbon dioxide into fuel, by using advanced materials and ultra-fast laser spectroscopy. The breakthrough could be an important piece of the puzzle in reducing the levels of greenhouse gases in the atmosphere in the future. The study is published
The Ministry of Power on February 17 notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia, aimed to boost production of hydrogen and ammonia using renewable energy. The ministry has waived the power transmission charges for 25 years for these units, allowed them to buy renewable power from
Some U.S. producers of gasoline that have relied on imports of Russian oil are looking for alternative supplies amid heightened tensions in Eastern Europe. At least two major Gulf Coast refiners are seeking to diversify their purchases of fuel oil that can be used as a feedstock to produce gasoline and diesel, according to people
At the risk of being dropped from Texas pension funds, BlackRock Inc has ramped up its message that the world’s largest asset manager is a friend of the oil and gas industries. As a large and long-term investor in fossil fuel companies, “we want to see these companies succeed and prosper,” BlackRock executives wrote in
Poland-based Remontowa shipyard has chosen Finland’s Wartsila for the delivery of engines, fuel storage and supply systems for three new RoPax ships. These are said to be the first liquefied natural gas (LNG)-driven RoPax ships to be constructed for the Polish maritime industry. With an overall length of 195m, the vessels will be operated by
Companies around the globe are increasingly looking to deploy carbon capture and storage technology. They’re acknowledging the huge potential of CCS in strengthening corporate sustainability efforts and decarbonising the global economy and we’re already seeing a steady rise of such projects worldwide. As of 2021, all operating CCS facilities that were operational or in construction
An MR tanker, designed by Sweden’s FKAB Marine Design, has been granted approval in principle (AiP) by Italian classification society RINA, claimed as the first AiP of a design using currently viable technology and fuels that achieves IMO 2050 targets. Conceived by the class society and designed by FKAB, the propulsion is based on combining